Funding you earn now, next payment 23:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.022%
Price spread now: gTrade (Gains Network) against Lighter+0.044%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$273as in the Price arb table
costs, in and out, $10k−$2752.751% of the position
Funding, last 3 days (all we have)−0.077%−$8 on $10k
+Price spread, last 3 days (all we have)−0.050%−$5 · spread now +0.044%, 7d avg +0.025%
=Together, before fees−0.127%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRX | 0.3439 | 0 | get 0.0000% / 1h | 9m 27s | $482K | $637K | 10x |
| Short | gTrade (Gains Network) TRX/USD | 0.3441 | L +0.0003% / S −0.0007% | get 0.0001% / 1h | 9m 27s | $121K | — | 150x |
Lighter TRX
gTrade (Gains Network) TRX/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1.5
- Price spread: +0.044% → +0.025%
- $1.91
- Slippage, 4 orders
- −$265.1
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$271.7
- Costs to cover
- 2.751%
- Break-even
- 1278.1 days
Slippage from Lighter: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 10 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 5 min ago | 0.73 bp | 3.1 bp −$3 | 10.5 bp −$105 | 45.2 bp −$4,524 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 10 min ago | 130.02 bp | 135.0 bp −$135 | 205.2 bp −$2,052 | 2197.0 bp −$219.7K | doesn't fit |
TRX on 32 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3439 | −0.008% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.052% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | −0.0075% | 8h | 0.3438 | −0.020% | $8.7M | $3.6M | 75x | as long as short |
| Variational Omni TRX | −0.0070% | 8h | 0.3439 | −0.005% | $562K | $38K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.047% | $5K | $13K | 10x | as long as short |
| Bybit TRXUSDT | −0.0053% | 8h | 0.3439 | +0.003% | $54.6M | $8.2M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0023% | 1h | 0.3440 | +0.029% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | −0.0022% | 8h | 0.3439 | −0.010% | $825K | $720K | 75x | as long as short |
| OKX TRX-USDT-SWAP | −0.0002% | 8h | 0.3440 | +0.012% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRXlong | 0.0000% | 1h | 0.3439 | long leg | $482K | $637K | 10x |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Variational Omni TRX
Phoenix TRX
Bybit TRXUSDT
Backpack TRX_USDC_PERP
HTX TRX-USDT
OKX TRX-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX TRX-USD | 0.0000% | 1h | 0.3441 | +0.042% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDshort | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.044% | $121K | — | 150x | |
| Aster TRXUSDT | +0.0015% | 8h | 0.3440 | +0.032% | $956K | $659K | 75x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3439 | −0.015% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0016% | 8h | 0.3440 | +0.012% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0016% | 8h | 0.3440 | +0.012% | $99.2M | $48.2M | 75x | as long as short |
| SoDEX TRX-USD | +0.0018% | 1h | 0.3440 | +0.012% | $402 | $5K | 5x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3441 | +0.046% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0038% | 8h | 0.3439 | 0.000% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0064% | 8h | 0.3440 | +0.020% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0076% | 8h | 0.3440 | +0.023% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0084% | 8h | 0.3439 | −0.006% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3438 | −0.041% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3440 | +0.017% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.067% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3439 | +0.003% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3440 | +0.026% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | +0.005% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.064% | $115K | $550K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.064% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3441 | +0.047% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0491% | 1h | 0.3444 | +0.133% | $832K | $411K | 25x | as long as short |
dYdX TRX-USD
Aster TRXUSDT
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
SoDEX TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL